Quebec gets better LNG deal than Saint John
Globe & Mail
This one comes via Spinks in the comments section from somebody named flynn.
$10,000 per year average instead of $500,000 seems to be a bit better..........
I've said before I was in favor of this project itself, but not happy with the council selling the farm.......I guess this proves it.......
**Update: The Globe & Mail Story is now subscription only.
The intresting part i'm refering to is this:
"The consortium has signed an agreement with Lévis city council to pay an average of $10-million a year in property taxes over 50 years, making Rabaska one of the highest-tax-paying industrial facilities in the province.
Rabaska promised to offset the loss of any property value for all 135 homeowners within a 1.5-kilometre radius of the terminal. And the company said it would pay the cost of any home-insurance premium increase caused by the terminal.
In addition, Rabaska vowed to invest $300,000 in the city's public transportation system and $475,000 for a new park and recreational area, and to plant as many as 15,000 trees around the facility to attenuate its visual impact."
This one comes via Spinks in the comments section from somebody named flynn.
$10,000 per year average instead of $500,000 seems to be a bit better..........
I've said before I was in favor of this project itself, but not happy with the council selling the farm.......I guess this proves it.......
**Update: The Globe & Mail Story is now subscription only.
The intresting part i'm refering to is this:
"The consortium has signed an agreement with Lévis city council to pay an average of $10-million a year in property taxes over 50 years, making Rabaska one of the highest-tax-paying industrial facilities in the province.
Rabaska promised to offset the loss of any property value for all 135 homeowners within a 1.5-kilometre radius of the terminal. And the company said it would pay the cost of any home-insurance premium increase caused by the terminal.
In addition, Rabaska vowed to invest $300,000 in the city's public transportation system and $475,000 for a new park and recreational area, and to plant as many as 15,000 trees around the facility to attenuate its visual impact."
Labels: LNG, Pipeline, Saint John, taxes
